Ways To Save
Buy EarlyLong Term Care Insurance premiums rise substantially with age. The earlier you buy LTC insurance the lower your cumulative insurance premiums will be. If you don't like the fact they you may pay a premium and never use the policy thus "losing" all your premium dollars ask one of our professionals about the "return of premium rider" that will return premiums paid to your estate.
Good Health Discounts
Your health history can also affect premiums by as much as 150%. So if you are in good health, it can pay to purchase early to lock in advantageous rates.
Spousal Discounts
Married people can get discounts of 10 to 35% annually. Apply together and save
Tax Savings
Long Term Care Insurance premiums on tax-qualified policies may qualify you for tax deductions on both your federal and New York State return.
Plan Design
We can help you design your policy to fit in your budget. We are also very good at finding ways to help you finance your policy.
- Increase your elimination period. The elimination period is the number of days you pay out of pocket before the policy kicks in.
- The longer this period the lower your premiums will be.
New York State Partnership Plan
By buying a New York State Partnership Policy you shift some of the risk to New York State. In general this is a good strategy for people with assets. It may not be a good strategy for people with lots of direct income.
Annual Premium Payments
You can save up to 8% a year if you pay your premium annually instead of monthly.
Business Owner Discounts
See our page for Business Owners & Groups.
